Question: please help Gamma Corp. just announced it will cut its dividend from $4.00 to $2.50 per share and use the extra funds to expand. Prior

please help
please help Gamma Corp. just announced it will cut its dividend from

Gamma Corp. just announced it will cut its dividend from $4.00 to $2.50 per share and use the extra funds to expand. Prior to the announcement, Gamma's dividends were expected to grow at a 3.0% rate, and its share price was $50.00. With the planned expansion, Gamma's dividends are expected to grow at a 5.0% rate. What share price would you expect after the announcement? (Assume that the new expansion does not change Gamma's risk.) Is the expansion a good investment? The new price for Gamma's stock will be $. (Round to the nearest cent.) Is the expansion a good investment? (Select from the drop-down menu.) a good investment Yes, it is No, it is not

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